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Particulars

Guidelines

1. 

Coverage

The Scheme shall cover general credit    needs of existing customers of all Branches.

2. 

Objectives

To provide hassle free credit to our    bank customers based on the assessment of cash flow without insisting on    security, purpose or end use of the credit.

3. 

Eligible Beneficiaries

All our customers either with more than    3 years of banking history with the branch / having sizable deposit or with    loan accounts which are classifies as standard assets will be eligible for    availing loan under the scheme.

4. 

Nature of financial accommodation –    cash withdrawal

The credit card facility extended under    the scheme will be in the nature of revolving credit(cash credit).

The CGRCC-holder will be entitled to    draw cash from the issuing branch of bank only

5. 

Quantum of limit

Quantum of limit will be based on the    assessment of income and cash flow of the entire household

However, the total credit facility    under CGRCC for an individual shall not exceed 20% of the eligible production    loan limit in case of persons cultivating land and / or 20% of annual income    of the applicant from known sources or Rs.25,000/- whichever is less.

6. 

Security

No collateral security should be    insisted upon

7. 

Guarantee

Guarantee from a suitable third party    may consider

8. 

Flexibility in use of credit

The borrowers would be eligible for    availment of the credit facilities provided under CGRCC, as per their requirement

The branch shall not insist any    security and the purpose or end-use of the credit

9. 

Renewal

Account will be reviewed every year and    renewed after 3 years